A working capital loan can be a great way to receive a quick influx of capital for your business. Although there are a lot of loan options for small businesses, many of them require long-term payments, and the requirements are sometimes fairly demanding. For many companies,…
Customer Retention and Profits. Customer retention is linked to a business’ profits. A study by Fred Reichheld of Bain & Company finds that a 5% increase in customer retention generates over a 25% increase in profits. This is due to repeat customers purchasing more from a…
Invoicing is an expected burden of business. When selling to other businesses, credit terms and invoicing are a part of the package. This means that a simple delivery of goods or services performed can become more complicated with the drafting, delivery, and collection of invoicing. However,…
How do you intend to stay in business for the next year? There is an opportunity to build your business even stronger than before. There are a few routes you can take, but they all require planning and having the cash flow to be able to…
Congratulations on starting your very own small business! What an exciting time. Unfortunately, there are all sorts of things that can go wrong during the first year and the first few months can be really hard. In order to succeed from the outset, as well as…
Invoice factoring services are great financing solutions for staffing companies. Below is a video transcript explaining invoice factoring and staffing partnerships. Eagle Business Credit Staffing Factoring Hi I’m Ian, CEO of Eagle Business Credit. We love staffing companies. Our solutions here at Eagle for the staffing…
Hi and welcome to #TheMoneyFactor my name is Ian Varley CEO of Eagle Business Credit. On today’s episode we’re going to be talking about purchase order finance, specifically what purchase order finance is, who can qualify for it, and what the benefits are. I have with…
Business financing comes with a lot of options and lots of benefits and costs to your small business growth. When comparing financing options there are a few critical areas to examine. Overlooking this step in researching your future financing partner may lead to unfavorable financing that damages…
If you’re running a temporary recruitment agency, you’re probably concerned with generating enough cash flow – much like any other business would be. The unique challenge of running a temp agency is that you need money to advertise your services, pay your taxes and other operating…
According to a report by The Hackett Group, larger firms take longer to pay their invoices. This ability, due to the size and power of these companies, improves their cash flow by having longer and longer payment agreements with suppliers. By waiting to pay suppliers, sometimes…